Can give my nephew my house when I die if I want the person living with me to be able to reside in the property for their lifetime?

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Can give my nephew my house when I die if I want the person living with me to be able to reside in the property for their lifetime?

Is this legal?

Asked on May 19, 2014 under Estate Planning, Maryland

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Yes it is quite legal.  What you wish to do is see an attorney about drawing up a Will that leaves the person living with you a "life estate" in the property which will allow them to live in the property until they die and giving your nephew the property when the life estate tenant passes.  Your nephew will be known as the "remainderman."  Good luck.


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